sbi

According to CoinDesk, Los Angeles-based stablecoin-driven digital bank Fasset announced the completion of a $51 million Series B financing round, with investors including Japan's SBI Group, Investcorp, and Turkish asset management company Arz Portföy. The valuation for this round has not been disclosed.Fasset covers over 50 payment channels across Asia, Africa, and the Middle East through stablecoin technology, serving over 1,000 small and medium-sized enterprises in 125 countries, with an annual transaction volume exceeding $32 billion. The company plans to use the funds from this round to expand into new markets, develop loan and trade financing products, and expand its proprietary stablecoin payment and custody infrastructure "Own Network." Additionally, Fasset has recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital bank card.

Japanese financial giant SBI Holdings has begun negotiations to acquire shares in the cryptocurrency exchange platform Bitbank, aiming to turn it into a consolidated subsidiary. SBI Chairman and President Yoshitaka Kitao stated that the company has submitted a letter of intent for the acquisition and has started discussions with Bitbank regarding capital and business cooperation. The specific timing and structure of the acquisition will be determined after due diligence and internal procedures are completed.Bitbank is one of Japan's major domestic cryptocurrency exchange platforms and has not experienced any hacking incidents since its establishment in 2014, with security as its core selling point. As cryptocurrency assets are gradually incorporated into Japan's Financial Instruments and Exchange Act, SBI believes that integrating Bitbank into the group will enhance its position in the Japanese cryptocurrency market. This move comes as SBI continues to consolidate its cryptocurrency exchange platform SBI VC Trade. Last month, SBI incorporated another exchange platform, Bitpoint Japan, into this department to streamline operations and improve profitability.Earlier this week, Bitbank also launched Japan's first credit card linked to cryptocurrency assets, allowing users to pay bills using assets like Bitcoin based on their exchange holdings, and offering a 0.5% cashback on cryptocurrency asset spending.

According to CoinDesk, SBI Ripple Asia has completed the development of a token issuance platform based on the XRP Ledger and has registered as a prepaid payment tool issuer in Japan. Corporate users can now issue tokenized payment tools through this platform.

According to The Block, B2C2, a liquidity provider under SBI Holdings, has designated Solana as the primary network for large stablecoin settlements for its institutional clients. B2C2 provides market-making services for platforms such as Robinhood and collaborates with Standard Chartered, Anchorage Digital, Bitget, and others.The company will prioritize supporting stablecoins issued on Solana, including USDC, USDT, PYUSD, USDG, USD1, EURC, FDUSD, and other new varieties in the future. The report noted that Solana has seen an increase in activity for stablecoin settlements recently, with stablecoin trading volume reaching approximately $650 billion in February, but its stablecoin market capitalization still significantly lags behind Ethereum and Tron.

Japanese Web3 infrastructure company Startale announced that SBI has invested $50 million in it, while completing a $63 million Series A funding round. The two companies are focusing on tokenized securities, stablecoins, and consumer chain products in Japan.Startale Group CEO Sota Watanabe stated, "Through deep cooperation with SBI, we will accelerate the adoption of tokenized stocks centered around the Japanese stock market and yen stablecoins this year."

Web3 API platform Uniblock has completed a $5.2 million financing round, bringing the total financing amount to $7.5 million, with investors including SBI, AllianceDAO, BFF, NGC, and others.Previously, Web3 API platform Uniblock announced the completion of a $2.3 million financing round, with participants including Cadenza, Blockchain Founders Fund, Side Door Ventures, AQN, Serafund, Outsider Ventures, and others.

According to BBX data, yesterday global listed companies showed a significant shift in the expansion of crypto treasuries from "mining industry competition" to "traditional industrial/financial giants entering the market":$100 million spot purchase: Bitdeer (NASDAQ: $BTDR) approved the allocation of $100 million in cash yesterday to purchase Bitcoin as a strategic reserve over the next two quarters.¥10 billion special fund: SBI Holdings (TSE: 8473) announced the establishment of a special fund of ¥1 billion (approximately $67 million) for corporate crypto treasuries, aimed at providing Bitcoin allocation consulting and custody services for Japanese manufacturing companies.10% gold asset swap: Metals One PLC (LSE: $MET1) disclosed its treasury reform plan, intending to swap 10% of its gold reserves for Bitcoin, citing "BTC showing better liquidity premium in 2026."100% output retention: Digihost (NASDAQ: $DGHI) confirmed that its Bitcoin output from February to mid-March has achieved 100% retention. Through energy cost optimization, the company currently does not need to sell any BTC to cover all operating expenses.25% profit conversion: Banxa (TSX-V: $BNXA) announced that it will directly convert 25% of its net profit for the first quarter of 2026 into Bitcoin, establishing a "profit-driven" financial tone for increasing holdings.

According to Cointelegraph, SBI VC Trade, a digital asset division of SBI Holdings, announced that it will launch USDC lending services in Japan on Thursday, allowing retail users to lend stablecoins to the platform under fixed-term agreements in exchange for returns.SBI stated that the product is intended to replace traditional dollar deposits in Japan, but unlike bank deposits, its isolation protection measures do not cover user assets and may not allow for full recovery in the event of bankruptcy.Additionally, users cannot withdraw or transfer funds during the fixed loan term, which limits their ability to respond to market changes.

Japan's financial group SBI Holdings and Startale Group announced the launch of the yen stablecoin JPYSC, aimed at institutional and cross-border payment scenarios.The stablecoin is issued and managed in trust by SBI Shinsei Trust Bank, complying with Japan's digital asset regulatory framework. SBI's trading platform, SBI VC Trade, will serve as the main distribution channel, while Startale is responsible for technical development. Both parties stated that the trust bank support model helps enhance governance and compliance assurance, promotes the use of the yen in the digital financial system, and provides a compliant alternative to the currently dollar-dominated stablecoin market. The project is expected to go live in the second quarter of this year after obtaining regulatory approval. In recent years, Japan has been actively advancing the construction of a stablecoin system. The revision of the Payment Services Act in 2022 defined fiat-backed stablecoins as "electronic payment instruments"; last October, Japan approved the issuance of the yen stablecoin JPYC. The three major banks MUFG, SMBC, and Mizuho have also launched pilot projects for stablecoins and tokenized deposits.

According to Jin Ten, Fed's Goolsbee stated that it is still too early to bet that increased productivity can lower inflation, and that it is only appropriate to cut interest rates when inflation decreases. He expects that there may be a rate cut this year, but only if inflation returns to the Fed's target level. Goolsbee pointed out that it is unclear whether current interest rates are restrictive, and caution is needed, as cutting rates too early may lead to an overheating economy.

According to CoinDesk, Japan's SBI Holdings has announced the launch of an on-chain bond issuance plan worth 10 billion yen (approximately 64.5 million USD).According to the disclosed information, the bond will complete the issuance and management process on-chain, and investors will receive XRP as a reward in addition to the regular returns. This move marks a further exploration by traditional financial institutions into blockchain bonds and digital asset incentive mechanisms.

According to Cointelegraph, Japan's financial group SBI Holdings plans to acquire a majority stake in the Singaporean cryptocurrency exchange Coinhako to further deepen its layout in the cryptocurrency field.The announcement stated that SBI Holdings' wholly-owned subsidiary SBI Ventures Asset has signed a letter of intent with Coinhako's parent company Holdbuild to inject capital into Coinhako and acquire shares from existing investors.If the transaction is completed, SBI Holdings will obtain a majority stake in Coinhako, making Coinhako a consolidated subsidiary; however, the transaction is still subject to regulatory approval. The financial terms and ownership details of the acquisition have not been disclosed, and the investment structure and share purchase plan are still under discussion. This non-binding transaction will allow SBI to obtain a legitimate license in Singapore, which is one of Asia's major regulated cryptocurrency hubs.

According to market news, Japan's financial group SBI Holdings announced that its subsidiary plans to acquire a majority stake in the Singapore digital asset trading platform Coinhako, pending regulatory approval.The transaction includes providing investment capital and purchasing shares from existing shareholders. Coinhako holds a license from the Monetary Authority of Singapore and is regulated by the British Virgin Islands, having operated in the digital asset space for over a decade. The acquisition aims to integrate Coinhako's infrastructure with SBI's global financial network to develop a digital asset ecosystem in Asia. An SBI representative stated that this move aligns with its strategy to expand digital asset infrastructure and develop next-generation financial services.Coinhako CEO Yusho Liu stated that the company plans to enhance its infrastructure to meet the growing demand for tokenized assets and stablecoins, while Singapore will continue to serve as a key hub.

Japan's financial group SBI Holdings has submitted an application to launch a dual-asset crypto ETF, combining BTC and XRP into a single regulated product.

Japan's financial group SBI Holdings has submitted an application to launch a dual-asset crypto ETF, combining BTC and XRP into a single regulated product.

According to a report by Nikkei, the Financial Services Agency of Japan is expected to lift the ban on spot cryptocurrency ETFs, such as Bitcoin, by 2028.To achieve this goal, authorities plan to amend the enforcement order of the Investment Trust Act to classify virtual currencies as "specific assets" eligible for investment trusts. Reportedly, major financial institutions like SBI Holdings and Nomura Holdings are advancing the development of related products. If approved for listing by the Tokyo Stock Exchange, individual investors will be able to trade cryptocurrency ETFs through their brokerage accounts, just like buying and selling stock or gold ETFs.Previous surveys have shown that at least six asset management companies are researching and developing related products, targeting both individual and institutional investors. The lifting of the ban is contingent upon tax reform. Currently, Japan applies comprehensive taxation to virtual assets, with a maximum tax rate of 55%. Discussions are underway to adjust this to a separate taxation system with a unified tax rate of 20%. Reports analyze that this move will expand asset allocation options for both individual and institutional investors.

According to CoinDesk, Ripple's Asian project SBI Ripple Asia announced the signing of a memorandum of understanding with Doppler Finance to launch yield-generating products based on XRP and explore the tokenization of real-world assets on the XRP Ledger.It is reported that SBI Digital Markets, regulated by the Monetary Authority of Singapore, has been designated as the institutional custodian for the related products, providing segregated custody services for client assets.

According to market news, Japanese blockchain infrastructure company Startale Group and Japanese financial group SBI Holdings plan to launch a fully regulated, yen-pegged stablecoin by the second quarter of 2026 to support global settlements.The two parties will collaborate on the development of this digital currency under a new agreement. Shinsei Trust & Banking will be responsible for the issuance and redemption management of the stablecoin, while SBI VC Trade, as a licensed crypto exchange, will handle its circulation. This yen stablecoin will be issued by a trust bank and is intended for global settlements and institutional use. Startale will be responsible for technology development, while SBI will focus on compliance, regulation, and issuance promotion.

According to Chainlink, SBI Digital Markets (SBIDM, part of Japan's SBI Group, managing over 10 trillion yen) announced that it will use Chainlink as its exclusive infrastructure solution, integrating CCIP as the interoperability layer to support the secure transfer of tokenized assets between public and private blockchains, and protecting sensitive information such as transaction amounts and counterparties through CCIP Private Transactions.SBIDM is upgrading from an issuance/distribution platform to a comprehensive digital asset hub covering compliant issuance, purchasing, settlement, and cross-jurisdiction secondary trading, with plans to promote on-chain financial expansion in Asia and Europe.

ChainCatcher news, according to on-chain detective ZachXBT, on September 24, approximately $21 million in suspicious funds flowed out from addresses related to SBI Crypto, involving various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash.The stolen funds were transferred to five exchanges and deposited into the mixer Tornado Cash. Notably, several indicators of this attack bear similarities to known North Korean hacking techniques.SBI Crypto is a mining pool subsidiary of the publicly listed SBI Group in Japan. As of now, the company has not publicly disclosed this security incident.